Ultralife Batteries Inc. (Newark, NY) announced the receipt of its first order for its BA-5390/U lithium-manganese dioxide (Li/MnO2) primary (non-rechargeable) battery from the UK Ministry of Defense. Initial shipments of batteries have already commenced, and deliveries against the order, valued at $154,000, will be completed in March 2002. John Kavazanjian, Ultralife president and CEO, said, […]
Direct Methanol Fuel Cell Corp. (DMFCC) has been formed to commercialize the direct methanol fuel cell technology developed at the NASA/Caltech Jet Propulsion Laboratory (JPL) and the University of Southern California (USC, Los Angeles, CA). DMFCC, Caltech and USC have signed a letter of intent for DMFCC to acquire rights to 22 issued, and over […]
For the first quarter ended January 31, 2002, FuelCell Energy Inc. (Danbury, CT) reported a net loss of $6.0 million, or $0.15 per basic and diluted share, compared with a loss of $2.8 million, or $0.09 per basic and diluted share, during the same quarter of the previous year. Revenues for the three months ended […]
Autotest Co. (San Antonio, TX) announced that it is expanding its development of fuel cell testing and measurement applications. Autotest's President and CTO Robert Cox stated, "Our systems already offer the ability to test and evaluate the critical power outputs and QC requirements of fuel cells. We are currently working with automotive industry leaders to […]
Catalytica Energy Systems Inc. (Mountain View, CA) announced that its board of directors has adopted a stockholder rights plan. Under the plan, Catalytica Energy Systems will issue a dividend of one right for each share of its common stock held by stockholders of record as of the close of business on February 20, 2002. The […]
Analog Devices Inc. (Norwood, MA) announced the ADP3806, a stand-alone, lithium-ion, battery-charging IC that combines high output-voltage accuracy with precise current control...
Maxwell Technologies Inc. (San Diego, CA) introduced its new PC5-5 ultracapacitor, which measures only 17mm x 23mm x 9.5mm and stores 23J...
Absopulse Electronics (Carp, ON) announced its new PFC4500 telecom-quality, modular power supply with power-factor-corrected input, delivering 93A at 48V over 0 to +50 degrees C in continuous duty (i.e., 4.5kW or 3kW with N+1 redundancy) from a universal ac input. The PFC4500 features three hot-pluggable internal modules (each 5in x 5in x 14in) that provide […]
Ballard Power Systems Inc. (Vancouver, BC) Electric Drives and Power Conversion Division has signed a joint development agreement with Ford Power Products (FPP), a subsidiary of Ford Motor Co. (Dearborn, MI), to jointly develop commercial power generation products driven by spark-ignited combustion engines for the generator market. Other opportunities exist for on-road hybrid applications, such […]
Optimal Energy Systems Inc. (Torrance, CA) has been awarded a contract by Science Applications International Corp. (SAIC) to provide flywheel technology for its Combat Hybrid Power System. Under the contract, Optimal will provide a prototype flywheel power module for a military vehicle system. Delivery is scheduled for July 2002. "This military vehicle contract is an […]
Tyco International Ltd. (Pembroke, Bermuda) reported that a federal court has dismissed shareholder charges of improper disclosure and accounting practices. The company announced that the US District Court in New Hampshire found the plaintiffs "had fallen well short of stating a viable securities fraud claim." The suit had consolidated 38 class-action suits filed in various […]
UTC Fuel Cells (South Windsor, CT), a unit of United Technologies Corp. (Hartford, CT), announced that it has signed agreements with Nissan Motor Co. Ltd. (Japan) to develop fuel cells and fuel cell components for vehicles. Renault SA (France), Nissan's alliance partner, is also participating in the development projects. UTC Fuel Cells will provide fuel […]
Valence Technology Inc. (Austin, TX) recently announced its new Saphion technology for lithium-ion rechargeable batteries, which replaces the more expensive and less stable cobalt in traditional lithium-ion batteries with a natural, phosphate-based cathode material. The new technology is claimed to make batteries cheaper, more stable and more environmentally friendly. Valence Vice President and General Manager […]
Global Acquisition Inc. (Salt Lake City, UT) announced that the company has changed its name to Oak Ridge Micro-Energy Inc. Along with the name change, the company also changed its trading symbol to "OTCBB: OKRM" to more accurately reflect the name of the company. The company held a shareholder meeting to formally approve the change. […]
iGo Corp. (Reno, NV) announced that it has received preliminary notification from Nasdaq indicating that the company is not meeting the $1.00 minimum bid price requirement for continued listing on the Nasdaq National Market under Marketplace Rule 4450(a)(5). Under the notification, iGo has until May 15, 2002, to regain compliance with the minimum bid price […]